December 2021

    Sri Lanka is Being Pushed Towards Bankruptcy; Budget does not address any burning issues: Eran
    by |21 December 2021|Verité in the News
    Published on Lanka Business Online The country has plunged into a massive financial crisis, with all sectors including the economy collapsing but the budget 2022 has no proposals to resolve any of the burning issues said Eran Wickramaratne addressing the...
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    Fitch Rating Revision: Debt default fears worsen but Lanka assures repayment
    by |19 December 2021|Verité in the News
    Published on The Sunday Times Sri Lanka is running on empty and may be perilously close to defaulting on its foreign debt payments, the latest international sovereign ratings downgrade suggests. Citing an “increased probability of default’’, Fitch Ratings on Friday...
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    Budget Deeply Flawed: Nishan de Mel
    by |13 December 2021|Verité in the News
    Published on The Morning The Budget for the fiscal year 2022, which was passed with a majority of 93 votes at its third reading in Parliament, is flawed, pointed out Colombo-based think tank Verité Research Executive Director Nishan de Mel....
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    Budget Fails to set up Stable Fiscal Regime – Verite Research
    by |12 December 2021|Verité in the News
    Published on Sunday Observer  The 2022 Budget fails to set up a stable fiscal regime pledged by the Government early last year by proposing substantial reforms to major taxes, stated a public report on the Budget 2022 by Verite Research...
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    Govt. continues to amend Governing Fiscal Law to suit its Agenda: Verité Research
    by |10 December 2021|Verité in the News
    Published on Daily Mirror The credibility of the government is significantly undermined as authorities continue to fail in adhering to the governing fiscal law of the country, the Colombo-based economic think-tank Verité Research said in their latest report. While the...
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    “Regular violations, changes to law erode credibility”
    by |10 December 2021|Verité in the News
    Published on Ceylon Today The failure of the executive to adhere to the governing fiscal law significantly undermines the overall credibility of the government, says the Colombo-based think-tank Verité Research. In addition, parliament has a responsibility to ensure that the...
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    Budget and Tax
    by |10 December 2021|Verité in the News
    Published on DailyFT Coinciding with the third reading of Budget 2022 today, Verité Research this week released a public report detailing the research organisation’s analysis on the estimates and assumptions used in the formulation of the Budget. In it, Verité...
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    Demystifying Increase in Sri Lanka’s Debt
    by |09 December 2021|Interviews & Articles
    Published on Daily Mirror In the last 70 years, Sri Lanka has never been in a more precarious position with regard to the repayment of its debt, than at present, in December 2021. There is much that is said in...
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    Govt. Urged to Initiate Groundwork for Debt Restructuring as Plan B
    by |09 December 2021|Verité in the News
    Published on Daily Mirror Verite Research ED Dr. Nishan de Mel says SL will be in deeper crisis if govt. waits longer for Plan B Says govt.’s Plan A would push SL to sell or forfeit enormously valuable national assets...
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    Budget 2022 Fails in Critical Outcomes: Verité Research
    by |09 December 2021|Verité in the News
    Published on DailyFT Releases public report ahead of third reading of Budget in Parliament tomorrow Opines Budget has failed to establish a stable fiscal regime, credibility in its fiscal projections and build confidence for global markets and rating agencies Budget...
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